The markets had the full spectrum of producers reporting this morning. On the one hand we had Artemis Gold report their second quarter results, which included the first two months of commercial product at Blackwater with their US$805 all in sustaining cost average.
On the other hand, we saw i-80 Gold (TSX: IAU) report who has taken a different approach to the market. Rather than focus on getting a single asset into operation, they’ve taken a multi-mine strategy, with some of those assets containing legacy operations that are still somewhat running. Effectively they’ve got their eye on bigger operations, but are collecting what gold they can in the interim.
Which means some of the figures are less rosy than peers, simply because that just isn’t the focus right now.
Lets dive in.
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